Morgan Stanley Cuts Kohl’s (NYSE:KSS) Price Target to $15.00

Kohl’s (NYSE:KSS) had its price target lowered by Morgan Stanley from $17.00 to $15.00 in a report issued on Monday. The firm currently has an underweight rating on the stock.

Several other research firms have also recently commented on KSS. Evercore ISI cut their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Citigroup lowered their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Robert W. Baird cut their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $14.74 on Monday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94. The business has a 50-day moving average of $18.78 and a two-hundred day moving average of $20.73. Kohl’s has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that Kohl’s will post 1.77 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. Kohl’s’s dividend payout ratio (DPR) is currently 78.43%.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kohl’s

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares during the period. Squarepoint Ops LLC boosted its position in Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after purchasing an additional 1,804,809 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Kohl’s by 348.0% in the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after buying an additional 1,694,162 shares in the last quarter. FMR LLC raised its position in Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after acquiring an additional 716,919 shares during the period. Institutional investors own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.